cer 5: The Income Statement and the Statement of Cash Flows P5-11 Net Income and Comprehensive Income LO 5.7 At the beginning of 2019, JR Company's shareholders' equity was as follows: AA Common stock, $5 par Additional paid-in capital Retained earnings During 2019, the following events and transactions occurred: $35,000 49,000 63,000 1. JR recognized sales revenues of $108,000. It incurred cost of goods sold of $62,000 and operating expenses of $12,000. 2. JR issued 1,000 shares of its $5 par common stock for $14 per share. 3. JR invested $30,000 in available-for-sale securities. At the end of the year, the securities had a fair value of $35,000. 4. JR paid dividends of $6,000. The income tax rate on all items of income is 30%. Required: